NCDRC Orders Pune Builder to Refund ₹7 Crore for Land Issue
PUNE: The National Consumer Disputes Redressal Commission (NCDRC) has mandated a real estate firm and its proprietor to refund the complete principal amount collected from 113 homebuyers, along with interest. This decision follows a 14-year legal battle, with total liabilities expected to surpass Rs7 crore. The commission discovered that the developer enticed buyers to invest in projects on land that government records indicated had been designated for a public irrigation project since 1978. The NCDRC panel, including President Justice A.P. Sahi and Member Bharatkumar Pandya, ordered the builder to refund Rs3.16 crore with 9% interest from the payment dates, to…